Step 1

Turn your instant pot to sauté and add the bacon.

Step 2

Cook until crisp, stirring often to cook evenly.

Step 3

Remove the bacon to a paper towel lined plate.

Step 4

Add the onions and peppers and cook until tender.

Step 5

Add the meat and cook until browned.

Step 6

Drain off any excess grease, we just tilt the pot and use a large spoon.

Step 7

Add all of the remaining ingredients and 3/4 of the bacon and stir to combine.

Step 8

Turn the instant pot to chili (if you don't have a "chili" setting, use the "manual" setting) and cook for 18-20 minutes*. Allow pressure to release for 10-15 minutes or quick release with the vent.

Step 9

Serve with limes, sour cream, cheese, and a little bacon!